ACTIVE

Solival asbl

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Financial year 2025 · closed on 31/12/2025

Net result

38,4 k €

-84.4% YoY

Gross margin

1,6 M €

+1.8% YoY

Equity

500,3 k €

+8.3% YoY

What does Solival asbl do?

Solival asbl is a Non-profit organization incorporated in 1996. Its main activity is: Compulsory social security activities. Its registered office is in Berchem-Sainte-Agathe.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0460.213.530

Incorporation

29/11/1996

Legal form

Non-profit organization

Registered office

Avenue Josse Goffin 180
1082 Berchem-Sainte-Agathe · BruxellesSee on map

Latest accounts

31/12/2025

Activities (NACE)

84302Compulsory social security activities· main 84302Compulsory social security activities 85323Technical and vocational secondary education 88999Other social work activities without accommodation n.e.c.88999Other social work activities without accommodation n.e.c.

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	1,6 M €	+1.8%	1,6 M €	-6.3%	1,7 M €	+8.4%	1,5 M €	+20.2%	1,3 M €	+2.7%	1,2 M €	+15.6%	1,1 M €	-8.3%	1,2 M €	+11.3%	1,1 M €	-5.7%	1,1 M €	+18.6%	942,5 k €	+13.1%	833,7 k €	-0.2%	835,6 k €	+26.7%	659,7 k €	+18.3%	557,5 k €	+13.1%	492,8 k €
EBITDA	86,9 k €	-69.6%	286,5 k €	+2374%	11,6 k €	+239%	-8,3 k €	-108%	99,5 k €	+7258%	-1,4 k €	+98.4%	-87,3 k €	-428%	26,6 k €	+62.6%	16,4 k €	-75.6%	67,1 k €	+279%	17,7 k €	+173%	-24,3 k €	-172%	33,7 k €	-66.7%	101,1 k €	+18.7%	85,2 k €	+36.1%	62,6 k €
Operating result	37,9 k €	-84.3%	241,7 k €	+591%	-49,2 k €	+27.2%	-67,6 k €	-267%	40,4 k €	+246%	-27,7 k €	+73.5%	-104,3 k €	-1262%	9 k €	+222%	-7,4 k €	-156%	13,1 k €	+159%	-22,1 k €	+46.7%	-41,5 k €	-302%	20,6 k €	-77.7%	92,3 k €	+24.6%	74,1 k €	+49.1%	49,7 k €
Net result	38,4 k €	-84.4%	245,9 k €	+597%	-49,5 k €	+27.0%	-67,8 k €	-273%	39,2 k €	+241%	-27,7 k €	+73.1%	-103,1 k €	-3005%	-3,3 k €	+53.4%	-7,1 k €	-148%	14,9 k €	+178%	-19,1 k €	+41.6%	-32,7 k €	-186%	38 k €	-60.4%	96,1 k €	+23.5%	77,8 k €	+34.7%	57,8 k €
Balance sheet
Equity	500,3 k €	+8.3%	461,9 k €	+114%	216 k €	-18.6%	265,5 k €	-20.3%	333,3 k €	-19.0%	411,5 k €	-6.3%	439,2 k €	-19.0%	542,4 k €	-4.0%	565,2 k €	-1.3%	572,5 k €	+6.4%	537,9 k €	-3.4%	557,1 k €	-5.6%	589,8 k €	+4.3%	565,3 k €	+24.1%	455,7 k €	+20.6%	377,8 k €
Total assets	968,4 k €	+15.7%	836,9 k €	+50.6%	555,7 k €	-35.9%	866,4 k €	+19.8%	723 k €	-1.4%	732,9 k €	-20.1%	917,7 k €	+7.2%	855,9 k €	-14.1%	996,4 k €	-1.8%	1 M €	+3.8%	977,2 k €	+25.6%	777,9 k €	-4.1%	811,4 k €	+2.5%	791,7 k €	+35.2%	585,5 k €	+15.9%	505,3 k €
Cash	732,5 k €	+298%	183,9 k €	-50.2%	368,9 k €	-40.5%	620,3 k €	+31.9%	470,3 k €	+20.8%	389,3 k €	-38.0%	627,8 k €	-3.3%	649,3 k €	-3.3%	671,5 k €	+10.1%	609,8 k €	+2020%	28,8 k €	-95.5%	642,1 k €	+1.0%	635,7 k €	+124%	284,1 k €	+261%	78,6 k €	-78.9%	371,9 k €
Debts	468,1 k €	+26.7%	369,4 k €	+15.0%	321,2 k €	-45.7%	591,5 k €	+51.8%	389,7 k €	+28.6%	303,1 k €	-23.5%	396 k €	+26.3%	313,5 k €	-8.1%	341,1 k €	+1.3%	336,9 k €	+5.5%	319,3 k €	+52.6%	209,2 k €	-2.0%	213,4 k €	-5.7%	226,4 k €	+74.4%	129,8 k €	+1.8%	127,5 k €
Other
Workforce	–		20,2 ETP	-6.0%	21,5 ETP	-15.4%	25,4 ETP	+4.1%	24,4 ETP	-6.2%	26,0 ETP	+13.0%	23,0 ETP	-4.2%	24,0 ETP	0.0%	24,0 ETP	+9.6%	21,9 ETP	-0.5%	22,0 ETP	-8.3%	24,0 ETP	+33.3%	18,0 ETP	+20.0%	15,0 ETP	+50.0%	10,0 ETP	0.0%	10,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 107 ended

Active mandates

Aurore DEVOS

Personne déléguée à la gestion journalière · since 30 mars 2026

Active

Valérie NOTELAERS

Director · since 08 novembre 2024 · until 08 novembre 2028

Active

Christian SMETZ

Director · since 13 mars 2023 · until 13 mars 2027

Active

Pascal DUJARDIN

Director · since 13 mars 2023 · until 13 mars 2027

Active

Eric OLBREGTS

Director · since 29 juin 2022 · until 29 juin 2026

Active

Gaël VERZELE

Director · since 29 juin 2022 · until 29 juin 2026

Active

Geneviève ROUTIER

Director · since 29 juin 2022 · until 29 juin 2026

Active

Gilles CHERY

Director · since 29 juin 2022 · until 29 juin 2026

Active

Ended mandates

Valérie Notelaers

Director · since 08 novembre 2024 · until 09 novembre 2030

Ended

Jean-Paul Joris

Chairman of the board of directors · since 27 juin 2024 · until 28 juin 2030

Ended

Christian Smetz

Managing director · since 13 mars 2023 · until 13 mars 2029

Ended

Pascal Dujardin

Director · since 13 mars 2023 · until 13 mars 2029

Ended

At this address

Other companies at this address

Company	CBE no.
CENTRE HOSPITALIER FRANCOIS RABELAIS● Liquidation	0463.952.285
Gery● Active	0415.915.016
HOPITAL FRANCAIS● Liquidation	0407.889.948
UNION PROFESSIONNELLE DES MEDECINS DE L'HOPITAL FRANCAIS REINE ELISABETH● Liquidation	0432.730.064
Valisana● Active	0416.862.349

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	10/07/2026	08/07/2025	02/09/2024	30/06/2023	13/10/2022	20/07/2021
General meeting	19/06/2026	19/06/2025	27/06/2024	23/06/2023	29/06/2022	18/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	19/06/2026	10/07/2026	French	PDF
Abridged model	31/12/2024	19/06/2025	08/07/2025	French	PDF
Abridged model	31/12/2023	27/06/2024	02/09/2024	French	PDF
Abridged model	31/12/2022	23/06/2023	30/06/2023	French	PDF
Abridged model	31/12/2021	29/06/2022	13/10/2022	French	PDF
Abridged model	31/12/2020	18/06/2021	20/07/2021	French	PDF
Abridged model	31/12/2019	25/06/2020	30/06/2020	French	PDF
Abridged model	31/12/2018	27/06/2019	05/11/2019	French	PDF
Abridged model	31/12/2017	05/06/2018	13/06/2018	French	PDF
Abridged model	31/12/2016	31/05/2017	14/06/2017	French	PDF
Abridged model	31/12/2015	11/05/2016	12/05/2016	French	PDF
Abridged model	31/12/2014	19/05/2015	21/05/2015	French	PDF
Abridged model	31/12/2013	24/06/2014	22/07/2014	French	PDF
Abridged model	31/12/2012	11/06/2013	13/06/2013	French	PDF
Abridged model	31/12/2011	13/06/2012	15/06/2012	French	PDF
Abridged model	31/12/2010	05/05/2011	27/05/2011	French	PDF
Abridged model	31/12/2009	18/06/2010	29/07/2010	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 107 ended

Active mandates

Aurore DEVOS

Personne déléguée à la gestion journalière · since 30 mars 2026

Active

Valérie NOTELAERS

Director · since 08 novembre 2024 · until 08 novembre 2028

Active

Christian SMETZ

Director · since 13 mars 2023 · until 13 mars 2027

Active

Pascal DUJARDIN

Director · since 13 mars 2023 · until 13 mars 2027

Active

Eric OLBREGTS

Director · since 29 juin 2022 · until 29 juin 2026

Active

Gaël VERZELE

Director · since 29 juin 2022 · until 29 juin 2026

Active

Geneviève ROUTIER

Director · since 29 juin 2022 · until 29 juin 2026

Active

Gilles CHERY

Director · since 29 juin 2022 · until 29 juin 2026

Active

Ended mandates

Valérie Notelaers

Director · since 08 novembre 2024 · until 09 novembre 2030

Ended

Jean-Paul Joris

Chairman of the board of directors · since 27 juin 2024 · until 28 juin 2030

Ended

Christian Smetz

Managing director · since 13 mars 2023 · until 13 mars 2029

Ended

Pascal Dujardin

Director · since 13 mars 2023 · until 13 mars 2029

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/09/2026
Nominations
PDF
Mandates07/04/2026
Démission
PDF
Registered office10/10/2025
SIEGE SOCIAL
PDF
Mandates20/12/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates03/04/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates17/08/2023
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates20/04/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates22/03/2023
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202538,4 k €↓
2024
Annual accounts 2024245,9 k €↑
2023
Annual accounts 2023-49,5 k €↑
2022
Annual accounts 2022-67,8 k €↓
2021
Annual accounts 202139,2 k €↑
2019
Annual accounts 2019-27,7 k €↑
2018
Annual accounts 2018-103,1 k €↓
2017
Annual accounts 2017-3,3 k €↑
2016
Annual accounts 2016-7,1 k €↓
2015
Annual accounts 201514,9 k €↑
2014
Annual accounts 2014-19,1 k €↑
2013
Annual accounts 2013-32,7 k €↓
2012
Annual accounts 201238 k €↓
2011
Annual accounts 201196,1 k €↑
2011
Name changeSOLIVAL
2010
Annual accounts 201077,8 k €↑
2009
Annual accounts 200957,8 k €
2009
Name changeSolival Wallonie - Bruxelles
29/11/1996
IncorporationNon-profit organization

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Solival asbl

Overview

What does Solival asbl do?

Trend over 16 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline